1. Business
2. Finance
3. when the firm has a gain on sale the firm...

Question: when the firm has a gain on sale the firm...

Question details

When the firm has a “gain on sale”, the firm would ____________.

 

Question 3 options:

	1)  have to pay additional taxes
	2)  be able to claim tax credit
	3)  be able to replace the asset at no extra cost
	4)  record this as a tax-deductible expense

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